Category: FinTech News
Fascinated by the rapidly evolving world of financial technology? Our FinTech news category is your insider’s guide to the most cutting-edge innovations disrupting the finance industry. Get up-to-date coverage on the latest breakthroughs in digital banking, cryptocurrency, investing, and more.
FinTech News
Barclays Officially Completes Best Egg Acquisition
by Kyle Burbank
Six months after announcing plans to acquire FinTech loan originator Best Egg, Barclays has now closed the transaction. About Barclays' Acquisition of Best Egg: The deal is done. Recently, Barclays US Consumer Bank announced that it has completed its purchase of Best Egg. This acquisition was first announced in October of last year. At the time, the bank disclosed that it was paying $800 million for the digital lender. Best...
FinTech News
Aven Introduces Bitcoin-Backed Rewards Credit Card
by Kyle Burbank
A company known for its asset-backed credit cards is introducing a new product — one backed by Bitcoin. About the Aven Bitcoin Visa Card: This week, Aven announced the launch of its Bitcoin Visa Card. Rather than earning Bitcoin, however, this unique card is backed by customers' Bitcoin holdings. The reveal was made during the 2026 Bitcoin Conference in Las Vegas. With this new card, customers can pledge their Bitcoin to Aven and...
FinTech News
Zelle Pilots Potential Bill Pay Feature with Truist Bank
by Kyle Burbank
The popular bank-backed peer-to-peer payment platform Zelle is now set to explore other payment options. About the Zelle-Truist Bill Pay Pilot: Today, Zelle announced a new pilot program in partnership with Truist Financial Corp. Specifically, this pilot will evaluate the usefulness of Zelle for paying bills, such as recurring credit card payments. As Zelle notes, more than $1.2 trillion was sent using the platform last year. In turn, last month,...
FinTech News
LendingClub Announces Upcoming Rebrand to Happen Bank
by Kyle Burbank
As former peer-to-peer loan platform LendingClub continues to expand and evolve, it's now preparing for a total rebrand. About LendingClub's Transition to Happen Bank: This week, LendingClub announced its plans to take on a new name: Happen Bank. The rebrand comes six years after the FinTech became a licensed bank and discontinued its peer-to-peer lending platform. LendingClub was founded in 2006 as a tool where investors could fulfill loans for...
FinTech News
Budgeting App Monarch Introduces Monarch Plus Product Tier
by Kyle Burbank
A popular budgeting and personal finance app is introducing a new service tier with additional features. About Monarch Plus: Today, Monarch announced the launch of its new premium product called Monarch Plus. This new tier is meant to provide greater financial planning tools, including forecasting and other future-centric features. With Monarch Plus, customers will be able to explore different money scenarios and paths, seeing how today's spending may affect future...
FinTech News
Robinhood Sets 1 Million Student Financial Education Goal
by Kyle Burbank
The investment app has announced a new initiative to encourage financial education in the classroom. About Robinhood's Financial Education Goal: This week (on Tax Day, incidentally), Robinhood revealed its pledge to reach one million people with classroom-based financial education programs by 2023. The announcement was made at the second annual Financial Education Summit in Washington D.C. According to the company, it plans to reach a range of people from grade...
FinTech News
Embedded Finance Platform Pipe Raises $16 Million
by Kyle Burbank
A FinTech offering embedded financial solutions built for small businesses has raised a new round of funding. About Pipe's Funding Round: Recently, Pipe revealed that it raised another $16 million. The unspecified venture round was led by Fin Capital and MaC Venture Capital. Notably, Fin Capital also led the FinTech's seed round back in 2020. According to Pipe, this is the company's first equity raise since 2024, when it relaunched...